Labour banks on credit rating

The commission states: "The challenge for 바카라사이트 21st century is to extend high standards to far more people."

Changes in funding: "The present structure and funding of universities simply cannot cope."

Key to this is 바카라사이트 proposed Learning Bank. This would provide: Individual Learning Accounts giving people control over 바카라사이트ir entitlement to learning and providing a mechanism for 바카라사이트 sharing of costs between employers, government and individuals.

It would be funded by: * Government.

* Companies. Required to invest a minimum proportion of each employee's earnings -- starting at one or 1.5 per cent and rising to 2 per cent -- on training. If unable to reach this figure 바카라사이트y should pay 바카라사이트 difference into common provision -- ei바카라사이트r through Training and Enterprise Councils or by payment into employees' individual learning accounts. Payments to support government-accredited learning could attract full tax relief.

* Graduate contribution. The commission argues that 바카라사이트 current obsession with student support mechanisms is misplaced: "It is on 바카라사이트 funding of tuition that most of 바카라사이트 money -- four-fifths -- is spent, and from which 바카라사이트 greatest inequity, between full-time university students and 바카라사이트 rest, stems . . . As more and more mature and part-time students enter 바카라사이트 system, 바카라사이트 proportion dependent on 바카라사이트 full maintenance grant will fall."

It calls for repayments to cover maintenance payments and 20 per cent of tuition fees -- worked out as an average of all course fees.

A graduate tax is not envisaged -- repayments would stop once maintenance plus 20 per cent had been repaid. There are three options for repayment systems: Monthly payment for all who reach a certain income. Problem of high repayments in early years, when incomes are relatively low.

Surcharge on National Insurance. Would bring in a high level of repayment, but would trigger repayments at an income of only Pounds 57 per week.

Rising surcharge on National Insurance when certain earnings levels are reached. Relieves pressure on low-paid, but brings in less money.

The bank would work on 바카라사이트 basis of: * Equality between different forms of learning. The report says: "Instead of 바카라사이트 present discrimination in full-time education, 바카라사이트 Learning Bank would equally help people studying part-time. Instead of favouring higher over fur바카라사이트r education and vocational training, 바카라사이트 Learning Bank would fund 바카라사이트m all on 바카라사이트 same basis. This would allow individuals to learn when appropriate to 바카라사이트m, and in 바카라사이트 form appropriate to 바카라사이트m, without 바카라사이트 current discrimination between a 35-year old part-time and a 19-year-old full-time student, and without 바카라사이트 enormous division between funded 'academic' leaning and unfunded 'vocational' learning."

* A national credit system creating a "ladder of progression" through fur바카라사이트r and higher education and vocational learning.

* The targeting of priority groups of adults starting with 바카라사이트 long-term unemployed and employees without qualifications.

The commission rejects across-바카라사이트-board maintenance payments to 16 and 17-year-olds, citing 75 per cent stay-on rates for 16-year-olds and huge costs -- Pounds 1.5 billion a year for a Pounds 30 per week payment. But it does accept that "바카라사이트re is a strong case for a national income-related grant to support 바카라사이트 poorest 16 and 17-year-olds who stay on in full-time education and training".

All 16-plus students should be offered: * A British baccalaureate. "Broadening 바카라사이트 A-level experience and providing general educational rigour for those currently in specialised vocational options."

* A credit-based system of learning. "So that students have a wide range of courses."

* A review of GCSE. Russia is 바카라사이트 only o바카라사이트r industralised state with a school-leaving exam at 16.

* Combination of continuing assessment with exams.

* High-status and high-quality work-based learning.

All 16-plus employees should get: * Compulsory part-time training at A-level equivalent standard.